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General Employment Enterprises Inc. Message Board

jbird544 1 post  |  Last Activity: Nov 11, 2015 1:39 AM Member since: Oct 20, 2012
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    Good News, Reverse split

    by morris183 Sep 21, 2015 10:59 AM
    jbird544 jbird544 Nov 11, 2015 1:39 AM Flag

    Agreed, Great news on the reverse split, NASDAQ uplisting, and the acquisition just closed over in the U.K. The real issues with this company are not being discussed on their quarterly earnings conference calls: past due payments of Bonds, past due payments with Seller Notes and delinquent scheduled amortization payments with Lender. No earnings or cash flow. This train looks like it is just a matter of time before it derails or the debt holders take it over. My guess is that the CFO left for similar reasons. Hopefully, these guys can get their overhead in check. The industry is killing it and leaving these guys behind. Jameson

    Sentiment: Sell

5.40+0.19(+3.65%)Sep 23 4:01 PMEDT